/biz/ - Business & Finance

If just one percent of the assets in offshore tax haven bank accounts come into bitcoin... 2.8 million dollars per bitcoin.

>>12430990
When comparing depressions to periods of the gold standard, it must be remembered that the gold standard in Europe and the US in the 19th century was far from perfect form of sound money, as there were several flaws in it, most importantly, that banks and governments could often expand their supply of money and credit beyond the gold held in their reserves, causing booms and busts similar to those seen in the twentieth century, though to a much lesser degree.

Think about the current banking system.
>Deposit money
>90% loaned out without your knowledge
>money loses value because of the fed's inflation
>working class loses purchasing power, banker class gains purchasing power (not producing anything for the economy).

A good way to fix the current banking system
>Banks cannot loan out customer money
>Inflation does not exist
>The fed is controlled by the people

A bitcoin system would have those features.